2013-01-25T13:41:43-06:00 2012-06-30 251249913 MALIN BERGQUIST & CO LLP 3605 MCKNIGHT EAST DRIVE PITTSBURGH PA 15237 990 2011-07-01 250965558 SEWICKLEY ACADEMY SEWI 4127412230 315 ACADEMY AVENUE SEWICKLEY PA 15143 JOHN DILLON 4127412230 2013-01-24 1 P00354011 4123649395 2011 2016-02-25 16:41:14Z KOLIA O'CONNOR 315 ACADEMY AVENUE SEWICKLEY PA 15143 18597898 0 X WWW.SEWICKLEY.ORG X 1838 PA OPERATION OF A PRIVATE SCHOOL FOR EDUCATIONAL PURPOSES 22 21 243 60 0 0 1766854 2552014 14825781 14801774 1617931 -164581 297378 246522 18507944 17435729 1544945 1587752 0 0 11097380 11064090 0 0 631047 4121698 4818639 16764023 17470481 1743921 -34752 60432874 58519300 8511308 7477243 51921566 51042057 X SEWICKLEY ACADEMY INSPIRES AND EDUCATES STUDENTS TO ENGAGE THEIR HEARTS, MINDS, AND HANDS TO CULTIVATE THEIR FULL INDIVIDUAL AND COLLECTIVE POTENTIAL IN THE SERVICE OF A GREATER GOOD. 0 0 13365785 1587752 14889653 AS PITTSBURGH'S OLDEST CO-EDUCATIONAL, COLLEGE PREPARATORY, INDEPENDENT DAY SCHOOL, SEWICKLEY ACADEMY PREPARES ITS OVER 720 STUDENTS FOR A LIFETIME OF SUCCESS BY INSPIRING THEM TO REACH THEIR FULL POTENTIAL AS CURIOUS, COURAGEOUS, AND COMPASSIONATE LEARNERS. THE STUDENT BODY IS HIGHLY DIVERSE AND RESIDE IN VARIOUS SCHOOL DISTRICTS IN THE TRI-STATE AREA. EXCEPTIONAL PROGRAMS, SMALL CLASSES, AND TALENTED FACULTY HELP STUDENTS BECOME CONSCIENTIOUS LEADERS, CRITICAL THINKERS, AND RESPONSIBLE MEMBERS OF A GLOBAL COMMUNITY. THE ACADEMY'S COMMITMENT TO EDUCATIONAL EXCELLENCE IS EVIDENT IN 100% OF GRADUATES CONTINUING THEIR EDUCATION AT A FOUR-YEAR INSTITUTION. STUDENTS FROM THE CLASS OF 2012 WERE OFFERED MORE THAN $4.3 MILLION IN MERIT SCHOLARSHIPS AND 92% WERE ADMITTED TO THEIR TOP-CHOICE COLLEGE OR UNIVERSITY. ADDITIONAL ACHIEVEMENTS CAN BE FOUND AT THE ACADEMY'S WEBSITE. 13365785 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 258 0 1 243 1 0 0 0 0 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOHN DILLON 4127412230 315 ACADEMY AVENUE SEWICKLEY PA 15143 DR GLENN A BUTERBAUGH 1.00 X X 0 0 0 DR GREGORY B PATRICK 1.00 X 0 0 0 MR KOLIA O'CONNOR 55.00 X X 273491 0 124299 MR MARK G POEPPING 1.00 X 0 0 0 MRS AMY K MARSH 1.00 X X 0 0 0 MRS AMY SIMMONS SEBASTIAN 1.00 X X 0 0 0 MRS LISA M GIUSTI 1.00 X 0 0 0 MRS MARGARET SHIELDS GILFILLAN 1.00 X 0 0 0 MRS MARY BARBOUR 1.00 X 0 0 0 MRS MARY MACKEY 1.00 X 0 0 0 MRS SUSIE HUMPHREY KELLER 1.00 X 0 0 0 MS CLAIRE KENDRICK 1.00 X 0 0 0 MR THOMAS S JONES 1.00 X 0 0 0 MR ROBERT JAMES 1.00 X 0 0 0 MR DOUGLAS MCADAMS 1.00 X 0 0 0 MS GRETCHEN HANSEN 1.00 X 0 0 0 MR ERIC JOHNSON 1.00 X 0 0 0 MRS LOUANN TRONSBERG DEIHLE 1.00 X 0 0 0 MRS AMY MUSE LANG 1.00 X 0 0 0 MR BRANDON ELLIOTT 1.00 X 0 0 0 DR ASHVIN RAGOOWANSI 1.00 X 0 0 0 MRS LORRAINE HOUSTON 1.00 X 0 0 0 MR BRUCE HOUGHTALING 55.00 X 112384 0 14120 MS CLAUDIA GALLANT 55.00 X 133864 0 15666 MR JOHN DILLON 55.00 X 138618 0 12144 MR WIN PALMER 55.00 X 120336 0 17522 778693 0 183751 5 0 1 0 MOSITES CONSTRUCTION CO 4839 CAMPBELLS RUN RD PITTSBURGH PA 15205 CONSTRUCTION 2743120 GUGGENHEIM INVESTOR SERVICES 135 EAST 57TH ST 11TH FLOOR NEW YORK NY 10022 INVESTMENT MANAGEMENT FEES 262255 HUCKESTEIN MECHANICAL SER INC 46A SOUTH LINDEN STREET DUQUESNE PA 15110 HVAC SERVICING 238497 TIFF 200 BARR HARBOR DR STE 100 W CONSHOHECKEN PA 19428 INVESTMENT MANAGEMENT FEES 155221 STA-CORAOPOLIS 200 KENDELL STREET CORAOPOLIS PA 15108 STUDENT TRANSPORTATION 130343 6 84859 2467155 236284 2552014 TUITION 611600 14358935 14358935 ACTIVITIES & SPECIAL F 611600 399711 399711 43128 43128 14801774 781207 781207 60246 26966 33280 33280 33280 802957 142831 -802957 -142831 -945788 -945788 231630 72987 158643 158643 171027 116428 54599 54599 17435729 14889653 0 -5938 1587752 1587752 473317 473317 8585841 7342754 851091 391996 506772 310851 174658 21263 847954 537708 266982 43264 650206 379152 246300 24754 26260 26260 47124 47124 423445 423445 32154 32154 84425 1908 82517 358879 206645 121740 30494 147700 147700 3499 3499 781545 781545 29764 29764 59604 33392 19926 6286 180110 180110 1065678 1065678 108441 108441 EDUCATIONAL CLASSROOM 632487 376110 244851 11526 PROFESSIONAL DEVELOPMEN 156064 156064 ATHLETIC PROGRAM 144422 144422 EQUIPMENT RENTAL & MAIN 118859 69080 49779 418179 135561 181154 101464 17470481 13365785 3473649 631047 1380 384 2811856 1422514 725369 776891 47866 106542 109747 104809 30000 26000 40940789 15402753 23727066 25538036 32979590 30544124 60432874 58519300 2229466 1547300 383838 259095 5400000 5000000 498004 670848 8511308 7477243 X 47564896 46136858 1401703 1746277 2954967 3158922 51921566 51042057 60432874 58519300 X -34752 -844757 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32871340 72855 -685181 1789361 30469653 27863048 1356060 5339834 1687602 32871340 24006196 2322493 3019525 1485166 27863048 27818352 2821580 -5145422 1488314 24006196 0.86600 0.03080 0.10320 0 0 236486 975552 1212038 1001240 31281432 13038713 19243959 20000 2633190 2081327 571863 4792889 282713 4510176 25538036 CASH & CASH EQUIVALENTS 62471 F INVESTMENT BONDS 12000 F TIFF MULTI ASSET FUND 30469653 F 30544124 INTEREST RATE SWAP LIABILITY 670848 670848 17435729 17470481 -34752 -671913 -172844 -844757 -879509 15103173 -671913 -1660643 -2332556 17435729 0 17435729 15982682 99953 99953 15882729 1587752 1587752 17470481 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT IS TO PROVIDE FINANCIAL SUPPORT TO THE ACADEMY FOR OPERATIONS AND CAPITAL PROJECTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ACADEMY APPLIES PROVISIONS OF THE INCOME TAXES TOPIC OF FASB ACCOUNTING STANDARDS CODIFICATION THAT REQUIRE THE ACADEMY TO QUANTIFY AND RECORD THE ESTIMATED TAX LIABILITY, INCLUDING INTEREST AND PENALTIES, RELATED TO UNCERTAIN TAX POSITIONS ANTICIPATED TO BE TAKEN ON INCOME TAX RETURNS, AS WELL AS PROVIDE ENHANCED DISCLOSURES WITHIN THE FINANCIAL STATEMENTS. CURRENTLY, THE 2008-2010 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. HOWEVER, THE ACADEMY IS NOT CURRENTLY UNDER AUDIT, NOR HAS THE ACADEMY BEEN CONTACTED BY THE IRS. THE ACADEMY HAS NOT BEEN SUBJECT TO ANY INCOME TAX PENALTIES OR INTEREST FOR ANY OPEN YEAR. BASED ON THE EVALUATION OF THE ACADEMY'S TAX POSITIONS AND ELECTIONS, MANAGEMENT BELIEVES THAT ALL TAX POSITIONS TAKEN AND THE TAX EXEMPT STATUS OF THE ACADEMY WOULD BE UPHELD UNDER EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED AS OF JUNE 30, 2012 AND 2011. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED INTEREST RATE SWAP ADJUSTMENT -172,844. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 72,987. UNREALIZED INTEREST RATE SWAP ADJUSTMENT -172,844. FINANCIAL AID & REMISSION -1,587,752. RENTAL EXPENSES 26,966. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 72,987. RENTAL EXPENSES 26,966. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID & REMISSION 1,587,752. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 BROCHURES, CATALOGUES, ANNOUNCEMENTS AND SCHOLARSHIP FORMS ARE ON FILE AT THE ACADEMY AND ARE AVAILABLE FOR SUBMISSION UPON REQUEST. SILVER ANNIVERSARY 231630 231630 37382 35605 231630 231630 37382 35605 72987 158643 1 FINANCIAL AID 92 1000679 FMV TUITION REMISSION 49 587072 FMV THE GRANTS TO INDIVIDUALS REPRESENT TUITION SCHOLARSHIPS AND REMISSION GRANTED BY THE ACADEMY TO A SELECTION OF STUDENTS. THE ACADEMY DETERMINES ELIGIBILITY FOR SCHOLARSHIPS BASED ON ACADEMIC ABILITY AND FINANCIAL NEED OF THE STUDENT, AS WELL AS THE BUDGETED REVENUES AND EXPENSES OF THE ACADEMY. NO FURTHER MONITORING OF THE FUNDS ARE REQUIRED AS NO SPECIFIC REQUIREMENTS ARE APPLICABLE OTHER THAN THE STUDENT'S CONTINUED ADMISSION WITHIN THE ACADEMY. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MR KOLIA O'CONNOR 273491 0 0 0 0 0 17150 0 107149 0 397790 0 0 0 MR JOHN DILLON 138618 0 0 0 0 0 9457 0 2687 0 150762 0 0 0 X 84859 COST X 3 42743 FMV X BASEBALL EQUIPMENT, CHATTELS, & FURNITURE 1 151425 INDEPENDENT VALUATION 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS SUBMITTED TO THE DIRECTOR OF FINANCE & OPERATIONS AND THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BUSINESS OFFICE AND HEAD OF SCHOOL OFFICE ARE AWARE OF POTENTIAL CONFLICTS AND MONITOR DURING NORMAL COURSE OF BUSINESS. FORM 990, PART VI, SECTION B, LINE 15 THE BUSINESS OFFICE PROVIDES THE EXECUTIVE COMMITTEE OF THE BOARD BENCHMARK DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS ON HEADS OF SCHOOL ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON VERBAL REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -671,913. UNREALIZED INTEREST RATE SWAP ADJUSTMENT -172,844. TOTAL TO FORM 990, PART XI, LINE 5: -844,757. FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.